How to Request a Deposit (And Why You Should!)

Posted by Peter G on October 10, 2024

round ceramic table with silver spoon and fork

Everyone has their own way of working with new clients and quoting on gigs. That's why The Bash allows vendors to customize quotes and request deposits as an optional feature. We all know that deposits benefit the vendor, however, some are concerned that asking for money up front could scare away clients. Don't be scared!

The consensus, based on member feedback, is that deposits are highly recommended. Most clients are willing to put money down to secure the date and know that the booking is official. After all, their private event is a very important moment in their life.

And of course, deposits protect the vendor (you) in the case of a cancellation. Let’s hope that doesn’t happen, but if it does it's better to have something to walk away with.

How to Request a Deposit on The Bash

A deposit can be requested upon submitting a quote. On the lead response page, click the toggle to enable the deposit option and enter the deposit amount.

Lead Response - Updated 10.24.24

The amount is up to you and it really depends on your event rate. We generally see 10-50% as the going rate, and round numbers like $100 and $500 are very common.

You can also edit when the deposit is due. If you're enrolled in EventPay, you have the option to request the deposit to be due at the time of booking (which is recommended). Otherwise, you can choose one of the other options, due on a specific date or date not yet determined. Lastly, you have the option to choose whether the deposit is refundable or non-refundable.

Pro Tip: If you haven't already, we also recommend that you set up saved responses to reply faster. Go to your Leads tab, and click edit next to “Saved Responses.”

_

YOU MAY ALSO LIKE

EventPay: Our Convenient and Secure Online Payment System >

Start Responding Faster With Saved Responses >

Lifecycle of a Lead: From Requests to Bookings and Reviews >

 

Topics: Booking Tips

New Call-to-action